| State-owned HAL on Thursday said it has signed a contract with Airbus to establish a one-stop maintenance, repair, and overhaul (MRO) facility for the A-320 family of aircraft. The Airbus will supply HAL with the essential A320 family tool package and offer specialised consulting services to facilitate the establishment of the MRO facility for A-320 family aircraft.
Ashok Leyland | The commercial vehicle maker on Thursday said its board of directors has approved an investment of Rs 1,200 crore in Switch Mobility as equity through its holding company Optare PLC UK. The funds infused will be used for capital expenditure, R&D, and meeting operational requirements both in the UK and India.
Aurobindo Pharma | The drug firm on Thursday reported an 85% year-on-year jump in net profit at ₹757.2 crore for the second quarter that ended September 30, 2023. The company's revenue from operations increased 25.8% to ₹7,219.4 crore against ₹5,739.3 crore, beating the CNBC-TV18 poll's prediction of ₹6,915 crore for the quarter under review.
Muthoot Finance | The country's largest gold loan company on Thursday reported a 14.3% year-on-year rise in net profit at ₹991 crore for the second quarter that ended September 30, 2023. The loan assets grew 21% year-on-year or ₹11,771 crore while the lender's gold loan assets increased by ₹11,016 crore or 20% over the year-ago period.
Torrent Power | The company on Thursday reported a 9.2% year-on-year increase in net profit at ₹525.9 crore for the second quarter that ended September 30, 2023. The company's revenue from operations increased 3.8% to ₹6,960.9 crore against ₹6,703.2 crore in the corresponding period of the preceding fiscal.
RVNL | The Navratna CPSE reported a 3.4% rise in profit at ₹394.3 crore against ₹381.2 crore in the year-ago period. Sequentially, the company's net profit rose 15% from ₹343 crore. The revenue for the period under review, however, climbed only marginally to ₹4,914.3 crore, as compared to ₹4,908.9 crore in the preceding year.
Zee Entertainment | The company on Thursday reported an increase of 8.92% in its consolidated net profit to ₹122.96 crore for the September quarter. Its total income was 23% higher at ₹2,509.57 crore in the second quarter of this fiscal in comparison with ₹2,040.87 crore in the year-ago period. Its revenue from advertisement fell 3.3% to ₹979.17 crore in the July-Septemer quarter of FY24.
Piramal Enterprises | The non-banking financial company on Thursday reported a net profit of ₹48 crore for the July to September quarter of the current fiscal. The company posted a net loss of ₹1,537 crore for the quarter ended September 30, 2022. The NBFC's revenue from operations grew 16% to ₹2,193 crore during the quarter under review, compared to ₹1,893.71 crore in the same quarter a year ago.
Aditya Birla Fashion | The company on Thursday reported a net loss of ₹200 crore for the second quarter that ended September 30, 2023, due to sluggish consumption. The company's revenue from operations increased 4.9% to ₹3,226 crore as against ₹3,075 crore in the corresponding period of the preceding fiscal.
